Alvarez, L. H. R., & Stenbacka, R. (2007). Partial outsourcing: A real options perspective.
International Journal of Industrial Organization, 25(1), 91–102.
DOI: https://doi.org/10.1016/j.ijindorg.2006.01.003
Amani, P. (2004). General framework for risk assessment of outsourcing projects IT. In International Conference on Project Management (pp. 120–129).
Antelo, M., & Bru, L. (2010). Outsourcing or restructuring: The dynamic choice.
International Journal of Production Economics, 123(1), 1–7.
DOI: https://doi.org/10.1016/j.ijpe.2009.07.004
Arnold, T., Crack, T. F., & Schwartz, A. (2022). Embedding a net present value analysis into a binomial tree with a real option analysis. Managerial and Decision Economics, 43(7), 2924–2934.
Benaroch, M., Webster, S., & Kazaz, B. (2012). Impact of sourcing flexibility on the outsourcing of services under demand uncertainty.
European Journal of Operational Research, 219(2), 272–283.
DOI: https://doi.org/10.1016/j.ejor.2011.12.007
Black, F., & Scholes, M. (2019). The pricing of options and corporate liabilities. In
World Scientific Reference on Contingent Claims Analysis in Corporate Finance (pp. 3–21). World Scientific Publishing Company.
DOI: https://doi.org/10.1142/9789814759588_0001
Boyle, P. P. (1977). Options: A Monte Carlo approach.
Journal of Financial Economics, 4(3), 323–338.
DOI: https://doi.org/10.1016/0304-405X(77)90005-8
Boyle, P. P., Evnine, J., & Gibbs, S. (1989). Numerical evaluation of multivariate contingent claims.
Review of Financial Studies, 2(2), 241–250.
DOI: https://doi.org/10.1093/rfs/2.2.241
Brandão, L. E., & Dyer, J. S. (2005). Decision analysis and real options: A discrete time approach to real option valuation.
Annals of Operations Research, 135(1), 21–39.
DOI: https://doi.org/10.1007/s10479-005-6233-9
Brosch, R. (2008). Portfolios of real options. Springer.
Cheng, J.-H., & Lee, C.-Y. (2007). Product outsourcing under uncertainty: An application of fuzzy real option approach.
2007 IEEE International Fuzzy Systems Conference.
DOI: https://doi.org/10.1109/FUZZY.2007.4295675
Choi, J. J., Ju, M., Trigeorgis, L., & Zhang, X. T. (2021). Outsourcing flexibility under financial constraints.
Journal of Corporate Finance, 67, 101890.
DOI: https://doi.org/10.1016/j.jcorpfin.2021.101890
Copeland, T. E., Antikarov, V., & Copeland, T. E. (2001). Real options: A practitioner's guide. Texere.
Cox, J. C., Ross, S. A., & Rubinstein, M. (1979). Option pricing: A simplified approach.
Journal of Financial Economics, 7(3), 229–263.
DOI: https://doi.org/10.1016/0304-405X(79)90015-1
Datta, S. (2005). Strategic outsourcing—A real option approach. In Doctoral Symposium of Bristol Business School (pp. 124–138).
Ellram, L. M., Tate, W. L., & Billington, C. (2008). Offshore outsourcing of professional services: A transaction cost economics perspective.
Journal of Operations Management, 26(2), 148–163.
DOI: https://doi.org/10.1016/j.jom.2007.02.008
Gao, Y., & Driouchi, T. (2018). Accounting for ambiguity and trust in partial outsourcing: A behavioral real options perspective.
Journal of Business Research, 92, 93–104.
DOI: https://doi.org/10.1016/j.jbusres.2018.06.012
Gartner, I. R. (2022). Binomial real options model with dynamic programming applied to the evaluation of railway infrastructure projects in Brazil. Pesquisa Operacional, 42, e260438.
Geske, R. (2019). The valuation of corporate liabilities as compound options. In
World Scientific Reference on Contingent Claims Analysis in Corporate Finance (pp. 3–16). World Scientific Publishing Company.
DOI: https://doi.org/10.1142/9789814759595_0001
Hui-yun, J., & Min-li, X. (2006). The value of production outsourcing: A real options perspective.
2006 International Conference on Management Science and Engineering.
DOI: https://doi.org/10.1109/ICMSE.2006.313968
Hull, J. C. (2023). Fundamentals of futures and options markets, global edition (8th ed.). Pearson Education.
Hutzschenreuter, T., Lewin, A. Y., & Ressler, W. (2011). The growth of white-collar offshoring: Germany and the US from 1980 to 2006.
European Management Journal, 29(4), 245–259.
DOI: https://doi.org/10.1016/j.emj.2011.02.002
Jiang, B., Yao, T., & Feng, B. (2008). Valuate outsourcing contracts from vendors' perspective: A real options approach.
Decision Sciences, 39(3), 383–405.
DOI: https://doi.org/10.1111/j.1540-5915.2008.00197.x
Kutlu, A. C. (2012). Outsourcing contracting strategies from supplier's side: A real option approach based on transaction costs. Procedia - Social and Behavioral Sciences, 12, 1601–1610.
Li, S., & Wang, L. (2010). Outsourcing and capacity planning in an uncertain global environment.
European Journal of Operational Research, 207(1), 131–141.
DOI: https://doi.org/10.1016/j.ejor.2010.03.033
Mersin, D., & Polat, S. (2013). Evaluation of flexibilities in outsourcing agreements through the real option approach.
International Journal of Applied Management Science, 5(2), 101.
DOI: https://doi.org/10.1504/IJAMS.2013.053704
Moon, Y. (2010). Efforts and efficiency in partial outsourcing and investment timing strategy under market uncertainty.
Computers & Industrial Engineering
, 59(1), 24–33.
DOI: https://doi.org/10.1016/j.cie.2010.02.010
Moon, Y., Yao, T., & Jiang, B. (2011). Outsourcing versus joint venture from vendor’s perspective. International
Journal of Production Economics, 129(1), 23–31.
DOI: https://doi.org/10.1016/j.ijpe.2010.08.006
Mun, J. (2002). Real options analysis: Tools and techniques for valuing strategic investments and decisions. John Wiley & Sons.
Mun, J. (2003). Real option analysis course: Business cases and software applications. John Wiley and Sons.
Nembhard, H. B., Shi, L., & Aktan, M. (2003). A real options design for product outsourcing.
Engineering Economist, 48(3), 199–217.
DOI: https://doi.org/10.1080/00137910308965062
Olfat, L., & Barati, M. (2007). Module supply: Why & How? Setting priorities of modular outsourcing of Samand Body. Quarterly of Management Sciences of Iran, 2(6), 1–23.
Oskonejad, M. M. (1999). Engineering economics or economic evaluation of industrial projects (pp. 1–27).
Rajabzadeh, A., Rostamy, A. A. A., & Hosseini, A. (2008). Designing a generic model for outsourcing
process in public sector: Evidence of Iran.
Management Decision, 46(4), 521–538.
DOI: https://doi.org/10.1108/00251740810865030
Smit, H. T., & Trigeorgis, L. (2004). Strategic investment, real options and games. Princeton University Press.
Tabrizi, A., & Shayeste, A. (2011). Evaluation and prioritization of outsourcing business processes and taxation INTA outsourcing with fuzzy TOPSIS approach. Taxation Journal, 10, 22–189.
Tian, N., Gan, J., & Lu, F. (2023). A real options model for evaluating a tree and mushroom vertical agroforestry system in Shandong, China. Agroforestry Systems, 97(2), 163–174.
Yeo, K. T., & Qiu, F. (2003). The value of management flexibility: A real option approach to investment evaluation. International Journal of Project Management, 21, 243–250.
Zekavat, M. (2009). Application of real option in survey investment projects. In The second international conference on development financing system in Iran (pp. 443–523).
Zhang, Z., Liao, R., & Zhou, Q. (2023). Contracting and timing for outsourcing of information system with uncertain requirements.
Neural Computing and Applications, 35(3), 2279–2289.
DOI: https://doi.org/10.1007/s00521-022-07355-6